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Category Archives: Insurance

Protect Family From Illness

Understanding the Risks

The reason people tend to get sick on a flight is simple: the cabin pressure causes humidity at low levels, which causes dry mucus. (Mucus helps provide protection from air-borne pathogens.) However, that’s just one thing among myriad factors that could lead to sickness during a flight- not having enough sleep, stress and other small reasons can all contribute to an immune system that succumbs to an inflight infection. This is why even a small degree of preparation can go a long way. Make sure everyone gets enough sleep before the flight, and always have anti-bacterial gel handy. And when it comes to travel insurance for family groups, the only tip is – get it!

Prepare Weeks in Advance

There’s nothing more effective than prepping your body’s immune system and resistance weeks, even months, before the scheduled journey. If you carry out this preparation with the same degree of care you spend, say, choosing your travel insurance for family holidays, you’ll start from a good place. You should also adapt your diet; for example add an abundance of fresh fruits and vegetables, as cruciferous, fibre-rich veggies are known to work directly with our body’s immune system. It also helps if you can improve your gut flora by eating plenty of plain yoghurt. There are also things you must cut out, such as sugar (especially refined sugar, which is known to hamper the activities of leukocytes), and, of course, alcohol. And while you’re at it, at least 30 minutes of exercise a day will help in myriad ways.

Take supplements

Even if you and your family have diligently spent the weeks leading up to the flight boosting your immune systems, you will still need some help during the flight-especially a long-haul one where you spend up to 18 hours sharing a pressurised atmosphere with a bunch of strangers. Bring certain health supplements with you to take throughout the journey. For example, you can add to your daily dose of vitamin C (or sodium ascorbate) a probiotics capsule (similar to yoghurt, but in a more compact form), and a 15mg supplement of zinc. Taking 500 mg of olive leaf extract two times a day also works wonders in a travel situation as it stimulates the body’s production of leukocytes.

Saving Money on Insurance Premiums

Liability Coverage on Older Vehicles

For anyone who has older vehicles, carrying only liability insurance is one way to reduce premiums. This is especially helpful for those who have older vehicles in addition to their vehicles used for primary transportation. Removing the collision and comprehensive pay can be a good way to reduce spending, particularly if the value of the vehicle is low. It could be that the cost of insuring the vehicle is higher than the replacement value.

One main consideration with this idea is whether or not there are payments due on the car. For anyone who is still financing, the agency may not allow a drop in coverage until it is paid in full. Also, if there is no way to replace the vehicle in the event of a crash, full coverage may be needed until funds are in place to do so.

Inquire About Safe Driver Discounts

Many agencies will offer discounts to those who have a clean driving record. These discounts are typically provided to those who have no tickets or accidents on their driving record in a specified timeframe. In addition, drivers should not have made any claims for comprehensive repairs, such as broken windshields.

Ask About Discounts for Good Grades

For those with children of driving age, a good report card can prove to be beneficial with regard to insurance costs. Discounts are often provided to kids who maintain a certain grade point average. The amount of the discount will vary from agency to agency. Also, the insurance agent will likely ask for proof of grade point average from time to time, so be prepared to provide that information on a regular basis.

Info of Auto Insurance Renewal

· Annual Policy: an auto insurance policy that is valid for one year.

· Semi-annual Policy: some policies are valid for only 6-moths period. For policyholders, 6-months provide the chance to improve DMV records and reduce the premium for the next renewal date.

Auto insurance companies have the obligation to notice policyholder about renewal information. They can send it via mail or email within 45 – 30 days in advance of renewal date. Unless policyholders want to make changes to the current policy, renewal process should be quick and easy. Nonetheless, it is best for policyholders to do their due diligence and check for errors or unexpected surcharge. Before the renewal takes place, please make time to:

· Review the policy: the best time to verify discounts or make changes to coverage is on renewal date. It becomes more important when policyholders have practiced safety guidelines from the insurer as a requirement for discount eligibility. Auto insurers often reward good customers with lower premium as well. In many cases, it takes an insurance agent to see potential changes in the policy.

· Make payment: whether policyholders want to continue or cancel the policy, the best time to notify the insurer is on renewal date (or several weeks before). Some carriers do not allow for grace period on renewals, so they can cancel the policies because there is no payment confirmation. Even when policyholders want to switch to new carrier, it is important to notify the current insurer to avoid fines.

Premium Surcharge

An increase in premium rate is not uncommon. It happens for two main reasons. First, the insurance company increases the base rate. In this case, all policyholders should get premium surcharge. Even good drivers with clean records should pay more under this circumstance. Another reason is that the policyholder has higher risk than before in the previous period. Traffic tickets and bad credit score can lead to premium surcharge. Auto insurance claims for an at-fault accident almost always increase the premium as well.

Changes before Renewal

Insurers allow policyholders to make changes in the policies between renewals; this regulation applies only for auto/car insurance policy. Other vehicles such as RV, boat, and motorcycles may not have this option. Changes in policy for examples coverage omission or vehicle removal from the list can offset the premium surcharge from bad DMV records. In worst scenario where policyholders have records of involvement in accidents that cause severe injuries or deaths, the rate can go very high beyond affordability. To compensate for expensive premium, policyholders can choose to purchase only state’s minimum coverage requirements.

Core Agency Values

To begin, Values are what drives effort and effort is what produces results, good or bad. Effort in the wrong places seldom produces the right results. So there are really two things here that are important-Effort and Direction. While both are important, Effort comes first-you gotta have some before you can direct it. Today we are only talking about Effort, Direction is for another day.

An example of how values drive Effort is often and most visibly played out in sales. A lot of sales activity (Effort) often produces more sales but possibly not the right sales (Direction). Now here is the exciting part-You can really, control your effort by choosing the right Values and matching the talent of new hire to those Values. The key here is to understand that people work to satisfy their values, not yours and don’t try to put into someone something that is not already there. All that boils down to looking for and hiring people who have values that match the agency needs.

So now it is beginning to get clear. Why do we want to know your agency values? Answer; so you can hire people with values similar to those of our agency. Now what are some agency Values of importance?

1. Theoretical Values- those who value knowledge and continuous learning or intellectual growth.
2. Traditional Values- those who value the tradition inherent in social structure, rules, regulations and principals.
3. Utilitarian Values- those who value achievement, results, and rewards for their investments of time, resources and energy.
4. Individualistic Values- those who value personal recognition, freedom and control over their future and the future of others.
5. Social Values- those who act to enhance the well-being of others.
6. Aesthetic Values- those who pursue a balance in their lives, who are creative, self-expressive and have a love for beauty and nature.

Lower Auto Insurance

Revise coverage on old vehicles

For the older car that is free of finance, it may be worth revising the insurance coverage for collision only. This is the type of protection that is required if damage is coursed to a third-party vehicle. In many cases, this simple step can help to make a useful saving on the cost of insurance.

Use a single insurance company

Try to use a single insurance company for multiple policies, such as auto, home, travel, etc. A benefit of this is the ability to gain a multi-line discount, which is usually in the region of 10-15% of the total annual premium.

Careful driving

There are plenty of insurance policies that offer incentives for a lower premium. One of these incentives is a proven record of careful driving, which can include staying out of accidents and avoid speeding. This has the potential to give a further discount on the annual premium of about 5-7.5%. Also, by avoiding any traffic violations over a period of 3 years; it is possible to get a further deduction of costs.

Increase the deductible

A further simple step to control the costs is to increase the deductible amount. This is the first amount paid by the policy holder at the time of making a claim. By increasing the deductible from $250 to $500, there is the potential to make a substantial difference. The deductible can even be increased to an amount like $1,000, which should go a long way to control the insurance premium. But, it is sensible to only raise the deductible to an amount that is affordable, and easily payable in the event of needing to make an insurance claim.

Taking Out Life Insurance

  1. That you buy your insurance from a company that has a good reputation. A broker is important in this and should be a reputable one as well. If you use a company, you should know what you want otherwise you would need a broker to explain all the details to you. You could find out who is reputable by calling the registry board in your country or area. All the providers as well as brokers have to be registered.
  1. It is important that you do know exactly what you are in need of. You cannot venture into taking out too much. The broker’s job (or the company) is there to help you with calculating the costs of your insurance. They would look at what you currently have in place and would then calculate what you need is.
  1. In discussing your needs, especially for the life cover, you should make sure that you do not omit any necessary information. It will adversely affect the payout at the end, if it is discovered that you were a smoker and that you had been suffering with ill health that resulted in your death.
  1. Ensure that you provide the policy with a beneficiary. If the policy does not have a beneficiary, the policy will not be paid out directly to your family, it will be paid into the estate. It could take months for the estate to be wrapped up. It does not have to be one beneficiary only. If you do not have any family members, you could nominate any charity of your liking.
  1. The most important aspect is that you should do, is to know exactly what is in the content of the policy. This you can only know if you read it carefully, and that would include the fine print. If anything is unclear, you should contact the provider or the broker who assisted you. By reading the document, you are clear that all you asked for are included, that you are paying the right premium and whether there is a waiting period.

All about Flood Insurance Fallacies

Having flood insurance is the only way to be somewhat safe when it comes to your home protecting your home from water damage. Across the United States, only about 20% of the homes that are at risk for flooding are covered by some type of flood insurance. Most major private coverage providers do not want to insure people against flooding because of adverse selection. This means that the number of people who are making claims against flooding damage is greater than the number of people who want to protect their homes from the possibility of flood damage, so private insurers see this as something that will not bring them any profit.

However, in certain flood prone areas, the government requires that flood insurance be purchased in order to secure mortgage loans from federally accredited agencies. This coverage does not go into effect until thirty days after the policy has been purchased, unless the person lives in a floodplain. This purchase of flood coverage, provided by the government, went into effect in 1968 under the National Flood Insurance Program. Many people have criticized this program because it helps people rebuild in areas that are vulnerable to flooding, without any of their premiums ever going up. Homes and areas that were flooded over twenty times are still able to be covered without the threat of rising premiums.

Flooding is defined as inundation of an area of two or more acres, or two or more properties that are usually dry land. Flooding can be brought on by hurricanes, earthquakes, tornados, levee breaches, and other natural disasters. Unfortunately, if flooding occurs due to an earthquake, the damage from flooding is not covered by the earthquake insurance. Flood damage is not covered under any other type of policy a homeowner could hold.

Legal Action in Financial Plan

Personally legal problems happen to people when they get a traffic ticket, when they buy a good or service that was represented as one thing but delivered as something completely different and when they too sign a contract that is worded in a way to give them little room to fight back if a deal falls apart.

Of course too, there is the fact that anyone could get sued for any reason.

Financial planning is the process of accumulating, distributing and transferring wealth. However, many financial planning practitioners fail to address the legal needs of their client in order to protect their wealth in the first place.

For those financial planners who are working with the top 10% of the population, there is a good chance that these clients have their own personal attorney’s that they work with. These attorneys can charge anywhere between $150-1000 an hour depending their specialty and location.

What I have seen is that many of the very wealthiest or those who have substantial businesses will always council with their lawyers on any important legal matter. They understand that the largest companies in the world have massive legal departments who look at every angle to give their firm an edge. In order to compete and protect themselves, understanding legal consequences of any important business decision is a must.

However, these fee’s can deter many of wealthiest of individuals from counseling with them before they make any important decision. More than likely, they have not had a big enough problem to justify spending money to get advise. Like everything in life, people tend to need to experience their own mistakes in order to justify additional costs. So instead, many will make a decisions and “wing it” hoping nothing bad will happen.

People who haven’t acquired wealth yet and are in the middle class. Forget it! Most of them are struggling to make ends meet meaning that they will never spend money to consult an attorney to keep themselves out of trouble. Some have friends or family members who are attorneys that they can occasionally ask for help but usually this only happens after they find themselves in big trouble.

Get the Cheapest Fleet Insurance

In order to achieve the best possible price, you need to know what level of cover you need. Comprehensive is the best cover and while slightly more expensive, this cover will protect your vehicles, your drivers and any third party vehicles and property. It also covers against fire and theft. This means that in the long run you are saving money.

If you are to choose one of the third party covers, you’ll find your own vehicles are not covered, this can result in you having to pay out a lot of money should your vehicles be involved in an accident. These covers only protect the third party vehicle or property and if you choose cover that includes fire and theft, it brings a little more security to the table.

When searching for the cheapest fleet insurance, ensure you are aware of what is not included in the policy you are offered. This is essential; often you can include additional cover which can help you to save money even further in the event of an accident. One of the covers you may include is a courtesy vehicle or roadside assistance.

Always pay careful attention to the drivers you are including in your policy. In order to achieve the cheapest fleet insurance, you will need to choose drivers that have clean driving licenses, no convictions against their name and preferably be over twenty five.

Drivers that are young, have convictions and points deducted from their licenses are seen as a high risk to insurers, which is why in order to keep your costs to a minimum, you have to be very selective on who you choose to drive your vehicles.

It’s essential you take the time to find out about the company’s claims procedure. While you may be looking for the cheapest fleet insurance, you want an easy and effective claims procedure that enables you to repair or replace your vehicles in the shortest space of time. A company that doesn’t understand your business or urgency of your claim after an accident is putting your business in jeopardy. In order to operate effectively, you need your vehicles on the road.

When choosing the cheapest fleet insurance, determine how many vehicles you need in order to quality for this particular type of cover. Some companies require you have three to five or more vehicles, while others will offer the convenience of this policy if you have two or more vehicles.

Car Insurance Claim Process

Contact the Police

When you are involved in an accident, the first thing you should do is contact the police and file a report. The report will contain a detailed description of the crash, eyewitness testimonies, details of the other driver and other relevant information. The police will also make sure you get the medical assistance to help handle your injuries. A police report will come in handy when filing a claim, as it can vouch for your account of what happened.

Call Your Insurance Company Right Away

Call your insurance agency from the scene of the crash if you can, while waiting for the police or after you are safe. This will help the company analyze the damages firsthand, and they can walk you through the next steps that need to be taken. If your car has been severely damaged, the insurance agency will guide you on what needs to be done with the car. A claim file will be opened, and all the necessary details will be added to it. If you do not call them immediately, you won’t know how they can help, and you may wind up burning through cash that you don’t have to.

An Insurance Adjuster Gets Assigned to Your Case

Once your claim has been filed with your car insurance company, a claims adjuster will be assigned to your case. The adjuster will most likely get in touch with you to elicit additional information. While describing the incident, always stick to the facts and avoid any speculation. Submit any photographs and testimonies that you collected at the scene. All of this will be used to determine who is at fault and hence your contribution plays a huge role. If you’re looking to file a personal injury claim with the other driver’s insurance company, it will help to have an attorney present. An attorney who is well-versed with the nuances of personal injury claims will be indispensable in this regard.

Evaluation

The insurance adjuster will conduct a thorough assessment and provide an estimate of the cost to repair your vehicle, medical expenses, and other deductibles that your claim will pay out.